NUS Business School Annual Report 2011

NATIONAL UNIVERSITY OF SINGAPOREBUSINESS SCHOOL

2010/11 ANNUAL REPORT

Mochtar Riady Building: Photo courtesy of Nelson Lim, NUS Communications & Media alumnus.

Dear alumni, students, colleagues and friends ofNUS Business School,

I have just finished my first term as Dean of NUSBusiness School and am now starting my secondterm. I would like to thank you for giving me thisopportunity to continue serving the school. It hasbeen a challenging and fulfilling period, withsignificant progress. I would like to share with yousome of our successes in Academic Year 2010/11and outline the school’s priorities.

2010/11 was a remarkable year for the school.Our MBA programme was ranked 23rd globally bythe Financial Times, making it the highest rankingever achieved by any Singapore MBA programme.The FT ranked our EMBA programme 27th in theworld in 2010. The Princeton Review cited us as thetop business school in Asia.

I am heartened by our students' continued successin representing the school. Over the past 12 months,many of our students emerged champions indomestic and international competitions – in fact,we are placed among the top spots in a remarkable19 out of 21 entries. The quality of our students isamong the best in the region; admission requirementsto our undergraduate and graduate programmesare clearly the highest in Singapore. NUS BusinessSchool is the preferred choice in Asia for the bestand brightest seeking to pursue careers in finance,accounting and business.

02 MESSAGE FROM THE DEAN

MESSAGE FROM THE DEAN

Prof Bernard YeungDean and Stephen Riady Distinguished Professor

NUS Business School

Likewise, I am proud of our faculty whoreceived prestigious commendations, such asProf Richard Arvey, head of the school'sDepartment of Management and Organisation,who was honoured with a lifetime achievementaward by the Society for Industrial andOrganizational Psychology. Many others havehad their work featured in a number of respectedpublications and world-class journals, and severalfaculty members serve on the editorial boards ofleading global journals. I would like to note herethat we have also strengthened our teaching andresearch capabilities with the recruitment of 35new faculty in the past three years.

Equally noteworthy is the way in which our alumnihave strengthened their support for the schoolthrough many activities and forums. Our EminentAlumni event recognised seven outstandingalumni for exemplary achievements in their variousfields of work and their contributions to society.

While we are pleased with the school’ssuccess, which put us among the best in Asia,there is much more that we can do – and aredoing. As Asia’s Global Business School, we aimto be the first for business in the region. Wewant to be known for our thought leadershipand to leverage our location in Asia and the vastknowledge within the school to contributeto the region’s enviable development.

In the year ahead, I have identified two keypriorities. The first is to strengthen our effortsto create Asia content in our research, teachingprogrammes, and partnerships. In essence, wewill use our location advantage and context toadvance world-class research and teaching.Second, we want to build a strong reputationfor excellence and a brand identity that all ourstakeholders – faculty, staff, students and alumni –can proudly associate with and leverage. We canonly do this when we all, every one of us,communicate and reinforce our strengths andcollectively raise the school’s profile in Singaporeand internationally.

In terms of research, we are developing centresof excellence. The recently-launched Centre forGovernance, Institutions and Organisations (CGIO)and the Centre for Strategic Leadership (CSL) willcomplement our existing centres, namely theCentre for Asset Management Research andInvestments (CAMRI), and the Asia Centre forSocial Entrepreneurship and Philanthropy (ACSEP).These research centres bring together practitionersand academics, and encourage meaningfulexchange in an Asian context which can benefitindustry as a whole.

Adding to our rigorous academic research andtraining, we will build strong connections withstrategic business partners, and will continue toencourage our students to work closely with

companies on consulting projects. This experiencewill teach our students to be rigorous, practicaland relevant, and will help develop their businessacumen, creativity and communication skills.

The year in review has been a momentous onefor NUS Business School. This edition of ourannual report charts how we, as a pioneeringbusiness school in Asia, leverage our 45 yearsof history in grooming business leaders whocontribute to the region’s development. Whilebeing most grateful for our wonderful past, wewill continue to invest in building an environmenthigh in intellectual intensity, aiming to enhanceour thought leadership and produce graduateswho will make significant contributions to society.

Finally, I would like to thank Dr Mochtar Riadyand his family for their generous gift towardsthe new Mochtar Riady Building. In addition toproviding state-of-the-art facilities, it has helpedto foster a greater spirit of community, friendshipand learning in Asia’s Global Business School.

03MESSAGE FROM THE DEAN

ASIA’S GLOBAL BUSINESS SCHOOL

04 FIRST FOR BUSINESS IN ASIA

NUS BUSINESS SCHOOL

IRST FOR BUSINESS IN ASIAFTop Business School in Asia andOnly Singapore Business School listedPrinceton Review, 'The Best 300Business Schools'

First school in Asia to be afull member of CEMS,an alliance of leading business schools andmultinationals formerly known as theCommunity of European Management Schools

Top 10 Business School in AsiaEduniversal 2010 (Asia)

Top 3 in Asia;#1 in Asia for employer reputation2011 QS Asian University Rankings

Top 5 University in Asia andTop 30 WorldwideTimes Higher Education World ReputationRankings 2011

Top 3 in Asia-PacificQS Global 200 Business Schools 2009:The Employers' Choice Survey

#1 Singapore Business School andTop 50 WorldwideUniversity of Texas, Dallas (UTD) onResearch Output 2010

TOP IN ASIA2011 Forbes rankings

(for two-year MBA programmes)

2011 Quacquarelli Symonds (QS)World University Rankings® by Subject

(for accounting and finance)

#1 MBA IN ASINGAPORE UNIVERSITY

Financial Times MBA Rankings 2011

#1 EXECUTIVE MBA IN ASINGAPORE UNIVERSITY

Financial Times EMBA Rankings 2010

M ESSAGE FROM THE CHAIRMAN

S DhanabalanChairman, Management Advisory Board

NUS Business School

05MESSAGE FROM THE CHAIRMAN

NUS Business School family and friends,

It has been a privilege to chair the school’s Management

Advisory Board for the last two years.

I am aware that since the inception of NUS Business

School in 1965, it has grown in stature and reputation.

Now we’re looking ahead at how the school can

groom individuals to lead and transform the business

landscape in Singapore and Asia.

While the school prepares students for the business

world, this is not confined to helping them create

wealth. The school has a role to give them the right

ethical framework. The world is full of temptations

and uncertainty. We have to inculcate the right

values in those who pass through the school so that

they do right by their employees, customers and

shareholders – as well as society at large.

In our aim to be Asia’s Global Business School, we

must continue to innovate and make a difference

to improve lives and livelihoods, and promote

progress in society.

I look forward to serving on the board for another

term as we move into an exciting phase for

Singapore and Asia.

Mr S DhanabalanChairman, Temasek Holdings (Pte) LtdMember, Council of Presidential AdvisorsMember, Presidential Council for Minority RightsAlumnus, NUS

Ms Euleen GohNon-Executive Chairman,Singapore International FoundationNon-Executive Board member, Aviva plc, SingaporeAirlines Ltd, Singapore Exchange Ltd, CapitaLand Ltd& DBS Group Holdings Ltd and DBS Bank LtdChairman, Accounting Standards CouncilBoard of Governors of Northlight SchoolAdvisor, Singapore Institute of International AffairsChairman, Singapore Chinese Girls' School

MEMBERS( in alphabetical order )

Mr Hsieh Tsun YanChairman & Lead Counselor, LinHart GroupIndependent Director, Sony Corp & Bharti AirtelMember, Boards of Directors of Manulife Financial Corporationand The Manufacturers Life Insurance CompanyAdjunct Professor of Leadership,Lee Kuan Yew School of Public Policy

Mr Tan Soo JinPartner & Director, Amrop Hever Group/Gattie-Tan Soo Jin Management Consultants Pte LtdMember, Governing Council of the Singapore Instituteof Management

Dr William FungExecutive Deputy Chairman, Li & Fung LtdNon-Executive Director &Deputy Chairman, HSBC LtdIndependent Non-Executive Director,Singapore Airlines Ltd, Shui On Land Ltd,Sun Hung Kai Properties Ltd, The Hong Kong andShanghai Hotels, Ltd & VTech Holdings Ltd

CHAIRMAN DEPUTY CHAIRMAN Management Advisory Board membersengaging with the school

Ms Euleen Goh addressing theaudience on 'Setting Your Compassto Success'.

Mr Hsieh Tsun Yan at theinaugural session,sharing his thoughts onthe makings of a leader.

Mr Hsieh Fu Hua speaking onthe importance of maintaininga value system at work.

Leadership DialoguesMr Hsieh Fu HuaMember, Board of Directors of Temasek Holdings (Pte) LtdCo-Founder & Adviser, PrimePartners Group of CompaniesMember, NUS Board of Trustees & National Arts CouncilAlumnus, NUS Business School

Mr Liew Mun LeongPresident & CEO, CapitaLand GroupChairman, Changi Airport Group (Singapore) Pte LtdNon-Executive Director, Singapore Exchange Ltd andSingapore China Foundation LtdMember, National Productivity and Continuing EducationCouncil, Governing Council of the Human Capital LeadershipInstitute, Board of Trustees of ChineseDevelopment Assistance Council and Board of Directorsof Surbana Corporation Pte LtdAlumnus, NUS

Dr William Fung joined theManagement Advisory Board inJuly 2011.

07MANAGEMENT ADVISORY BOARD

Mr Tan Soo Jin in a talk on political and social issues.

Mr S Dhanabalan hosting a student dialogue with NUS BusinessSchool undergraduates at his Temasek Holdings office.

Mr Liew Mun Leong delivering his speech as guest speaker atNUS Business School's Commencement 2011 ceremony.

DEANERY

21

4

653

08 DEANERY

1. Assoc Prof Quek Ser Aik Vice-Dean,Graduate Studies

2. Assoc Prof Trichy V. KrishnanVice-Dean,PhD & Research

3. Assoc Prof Hum Sin HoonVice-Dean,Undergraduate Studies

4. Assoc Prof Ho Yew KeeVice-Dean,Finance & Administration

5. Prof Bernard YeungDean

6. Prof Teo Chung PiawActing Deputy Dean

1. Assoc Prof Lee Yih HwaiMarketing

2. Assoc Prof Alfred LohAccounting

3. Assoc Prof James AngDecision Sciences

4. Prof Ivan PngStrategy & Policy

5. Prof Richard ArveyManagement & Organisation

6. Prof Allaudeen HameedFinance

ACADEMIC HEADS

3

4

621 5

09MANAGEMENT TEAM

Centre for Strategic Leadership (CSL)

1. Prof Richard ArveyDirector

2. Prof Audrey TsuiExecutive Director

Centre for Governance, Institutions &Organisations (CGIO)

3. Dr Marleen DielemanAssoc Director & Senior Researcher

4. Prof Chang Sea-JinDirector

Asia Centre for Social Entrepreneurship& Philanthropy (ACSEP)

5. Assoc Prof Albert TeoDirector

6. Assoc Prof Audrey ChiaCo-Director

Centre for Asset ManagementResearch & Investments (CAMRI)

7. Prof Joseph CherianDirector

CENTRE DIRECTORS

1 2 3 4 5 6 7

10 MANAGEMENT TEAM

1

2

3 4

5

6

7

8

9

10

ADMINISTRATIVE DIRECTORS

11MANAGEMENT TEAMDeanery and Management appointments as at May 2011.

1. Victor KohDirector, Development OfficeInterim Director, Global AlumniNetwork Office

2. Lim Yue WenDirector, Graduate Studies(MBA)

3. Joan TayDirector, Career Services Director, Strategic Relations

4. Dr Helen ChaiDirector,Undergraduate Studies

5. Stuart Pallister*Director, Corporate Communications

6. Phyllis KumDeputy Director,Finance & Administration

*Joined NUS Business School in May 2011.

7. Chua Nan Sze,Marie-AntonieDirector, Graduate Studies(Executive MBA)

8. Simon WooAssoc Director,IT & Multimedia

9. Nigel YeungDirector, Executive Education

10. Azmi Bin SallehSenior Assoc Director, Facilities & Operations Support

CONTENTS

Leading from Asia

14 Bachelor of Business Administration & Bachelor of Business Administration (Accountancy)

16 Master of Business Administration18 Executive Master of Business Administration &

Master in Public Administration and Management19 Executive Education21 Outstanding Winners, Leading from Asia25 A Year of Growth in Global Connections

Research Powerhouse

27 Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP)

29 Centre for Asset Management Research and Investments (CAMRI)

32 Centre for Governance, Institutions and Organisations (CGIO)

34 Centre for Strategic Leadership (CSL)

Intellectual Intensity

37 Faculty Achievements39 Selected Publications

Global Thought Leadership

41 Synergy of Ideas

Compelling Community Engagements

45 Media Spotlight46 Career Services48 Alumni50 China Alumni & Community Engagements52 Generous Benefactors

Retrospective

54 NUS Business School Turns 45

The Mochtar Riady Building

From Asiaeading

NUS Business School offers a broad portfolio of programmesthat are widely sought after for delivering the best of Eastand West in Business Management education, integratingWestern knowledge with deep Asian insights to draw outthe fullest potential in every student.

• Bachelor of Business Administration &

Bachelor of Business Administration (Accountancy)

• Master of Business Administration

• Executive MBA & Master in Public Administration and Management

• Executive Education

• Outstanding Winners, Leading from Asia

• A Year of Growth in Global Connections

B BABACHELOR OF BUSINESSADMINISTRATION & BACHELOR OF BUSINESSADMINISTRATION (ACCOUNTANCY)

The best and brightest students continueto choose NUS Business School to lay astrong foundation for their future careersand equip themselves with real worldcompetencies that will give them thecritical edge for success.

Admission requirements to our undergraduate

programmes for Academic Year 2010/11 were

the highest in Singapore, making them the most

selective accountancy and business undergraduate

programmes in Singapore. The freshmen class

consisted of 436 BBA and 176 BBA (Accountancy)

students, resulting in a total undergraduate

population of over 2,400.

Our undergraduate programmes were the most

favoured among qualifying students, with the

highest cut-off rate of all ‘A’s for incoming

A-level students and a Grade Point Average

(GPA) of 3.81 for incoming Polytechnic students

in our accountancy programme.

To stay ahead, NUS Business School introduced a

new BBA curriculum to provide broad-based,

functional and specialised knowledge to our

students and prepare them for diverse roles and

responsibilities in a fast-changing world. The

refreshed syllabus incorporates modules on

business analytics, entrepreneurship and leadership

training, and enhanced modules on Asian business

environment, management and organisation.

NUS Business School students also took advantage

of our broad range of academic tracks, augmenting

their business studies with double degrees,

concurrent degree, double majors and minor

programmes that cut across faculties and disciplines

to suit their interests and career goals.

In addition to a rigorous curriculum, students

also benefited from a host of learning

opportunities, ranging from internships and

participation in overseas exchange programmes,

as well as local, regional, and international case

competitions, to study missions, company visits

and consulting practicums.

2010 Indicative Grade Profile (10th Percentile)

14 LEADING FROM ASIA

More information can be found at www.nus.edu.sg/oam/gradeprofile/sprogramme-igp.html

A-levelProgramme

Business Administration

Business Administration (Accountancy)

AAA/B

AAA/A

Grade

Polytechnic

3.733.81

Programme

Business Administration

Business Administration (Accountancy)

Grade Point Average

15LEADING FROM ASIA

NUS Business School-E50 Educational Project

NUS Business School embarked on a collaborative

learning programme with the organisers of the

Enterprise 50 (E50) Awards.

The awards recognise and reward 50 of the most

dynamic small and medium-sized local enterprises

across all industry sectors in Singapore.

Introduced in 2009, the E50 Educational Project is

an exciting opportunity for NUS BBA students to

enrich their understanding of the intricacies of

real-world business management and operations.

At the same time, the SMEs benefit from the

fresh perspectives of the students. These

collaborations also allow the more enterprising

students to discover exciting opportunities in the

SME sector and to apply their innovative ideas.

Students meet company chiefs and senior

executives, and prepare profile and consulting

reports. All the company profile reports have been

published in The Business Times in the NUS

Business School-E50 Series.

The 2010 E50 project saw 66 NUS BBA students

working closely with nearly all of the Enterprise

50 awardees.

BBA undergraduates on the inaugural Study Trip for Engagement and Enrichment (STEER) with their peers from Zayed University in the United Arab Emirates.

M BA


MASTER OF BUSINESSADMINISTRATION

Panellists at the 2010 Consultant Unplugged series (from left) Mr Sam Wong, Director of Ernst & Young, Singapore;Mr Stephan Muench, Head of Asia Pacific, DHL Inhouse Consulting; Asst Prof Jayanth Narayanan, NUS Business School;Ms Jane Horan, Founder of The Horan Group; and Mr Steve Saxon, Engagement Manager of McKinsey & Company, Singapore.

The NUS MBA programme combines thebest of global business training with aunique focus on the vibrant Asian region.Recognised globally, the NUS MBA isranked 23rd in the Financial Times GlobalMBA Rankings 2011, the highest everfor a Singapore MBA. In its rankings oftwo-year programmes, Forbes ranks theNUS MBA top in Singapore and Asia, andfourth among business schools outsidethe United States.

Additionally, our MBA students also opted for

courses in other NUS faculties to pursue special

interest topics such as computing, engineering,

real estate and public policy. With the NUS

launch of Asia’s first PhD-MBA programme, PhD

students conducting cutting-edge research in

science, engineering and medicine can also

concurrently pursue the NUS MBA programme,

while being mentored by researchers from NUS,

A*STAR research institutes and top research centres

in the US, UK, Europe, Japan, Australia and Asia.

The rigours of academic study are balanced with

other enriching activities such as participation in

conferences and dialogues with global business

leaders. These include the Consultant Unplugged

series, an annual NUS MBA event that invites key

players in the country’s consulting industry for a

panel discussion on unfolding industry trends.

Student diversity continues to be a hallmark of

our MBA programmes. This is evident in our 2010

academic year student intake profile. More

than 100 new full-time students, with some 90%

from over 20 different countries, formed the

freshmen batch, along with another 50 part-time

students and 50 more comprising double-degree

students and incoming exchange students hailing

from 24 schools and 14 different nationalities.

The school further boosted its diverse faculty

with new academic staff holding PhDs from

internationally-renowned universities, and with

extensive industry experience.

The industry-focused curriculum was also

enhanced to ensure students obtain the necessary

rigour, business discipline and innovative thinking

to set them apart from other MBA students.

17LEADING FROM ASIA

Our extensive partnerships with leading

international business schools provide many

opportunities for our MBA students to participate

in overseas immersion programmes, including

semester exchanges to schools in Asia, Europe

and the Americas.

The NUS MBA students also visit multinational

corporations and financial institutions on their

overseas study trips.

Conversely, the NUS MBA Doing Business in

Asia programme is widely sought after by

foreign MBA students seeking an intensive Asia

learning experience.

The NUS MBA Doing Business inAsia programme welcomedexchange s tuden t s f romNew York University.

Participants on a study trip to China gained first-hand experienceof business management and operations from large Chinesecorporations.

Participants on a Paris study trip visited L’Oréal and Danone, and networkedwith the school's MBA partners at HEC Paris and ESSEC Business School.

The NUS MBA exchange studentscame from 24 schools in

14 different countries.

The NUS MBA luncheon hosted about 250 freshmen and seniorsfrom 37 countries including exchange students from the NUS MBAand CEMS Master in International Management programme.

International Exposure

XECUTIVE MBA & MPAM


The NUS Executive MBA

• Asia-Pacific Executive MBA (English | Chinese)

• UCLA-NUS Executive MBA

NUS Business School offers one of the region’s

most established and highly-ranked Executive

MBA programmes, with a global curriculum and

a strategic focus on Asia-Pacific business. With

an alumni network of over 1,100 senior executives

globally, the NUS Executive MBA provides

peer-to-peer learning and networking opportunities.

This is further enhanced by the school's international

faculty from some of the leading PhD programmes

in the world.

Its unique structure of meeting for an intensive

two-week session once every three months in

Singapore and other key Asian cities over 15

months provides an optimal learning platform

for busy global executives with minimal

disruptions to their careers.

The NUS Asia-Pacific Executive MBA, offered in

both English and Chinese, will commence its 21st

intake in July 2012, while the UCLA–NUS Executive

MBA, a prestigious double degree programme in

collaboration with UCLA Anderson, will welcome

its ninth intake in May 2012.

Master in Public Administration andManagement

The Master in Public Administration and Management

(MPAM) programme in Chinese is jointly offered

with the Lee Kuan Yew School of Public Policy.

In March 2011, we welcomed the second intake,

comprising of 80 senior government officials

and state-owned enterprise executives from

over 18 provinces in China, and two candidates

from Taiwan.

MPAM students spend ten months to obtain an

intensive, interdisciplinary course of study for

experienced professionals looking to acquire

new knowledge and skills to enhance their

leadership and managerial capabilities. Beyond

the classroom, students are also encouraged

to attend talks by local and foreign dignitaries, and

participate in overseas study missions and internships

with local government and business organisations.

Graduates of the programme are well-versed in

both business and government, enabling them to

capitalise on the convergence between the public

and private sectors.

The NUS Asia-Pacific Executive MBAwas ranked 27th EMBA worldwide bythe Financial Times in 2010. Toppingthe list in the International Participantscategory for the second time runningin the FT rankings, it was placedeighth and ninth respectively in theInternational Course Experience andWork Experience categories.

Participants in the eighth intake of the UCLA-NUS ExecutiveMBA programme.

EXECUTIVE MASTER OFBUSINESS ADMINISTRATION &MASTER IN PUBLICADMINISTRATION ANDMANAGEMENT

XECUTIVE EDUCATION

Participants on the 30th Stanford University and NUS Business School International Management Programme.

Since the first Executive Educationprogramme was introduced some30 years ago, NUS Business School hashelped businesses evolve, transformand stay ahead of the competition.More than 22,000 executives from over80 countries have participated in ourExecutive Education programmes to gainthe knowledge, as well as the practicalskills to drive and grow their businesses.

Some 1,800 senior international executives from

a wide range of industries registered for 77 Executive

Education programmes conducted by NUS Business

School in Financial Year 2010/11. These included

56 management development programmes

tailored for 31 global corporations across the

Asia-Pacific region. Of the 77 programmes offered,

26 were conducted in Chinese. Our broad

portfolio of open enrolment and customised

management programmes continues to grow, as

the school widens its global connections and

deepens established partnerships such as the

International Management Programme with

Stanford University.

NUS Business School is the first in Asia to equip

executive participants with touch-screen tablets.

The Apple iPads, introduced in the Advanced

Management programme, are used for business

case simulations, pre-programme learning and

in-class collaborative sharing and research. In the

months ahead, the school will extend the usage

of the tablets to other Executive Education and

Executive MBA degree programmes.

19LEADING FROM ASIA

Board members of the China North Industries Group Corporation participated in the school’s corporate governance programme.

Participants in the first NUS Dentsu Senior Managementprogramme.


English

AES Emerging Leaders

Alcatel-Lucent Behavioural Track

Alcatel-Lucent Finance & Marketing

Asahi Glass Company University Asia

Astra General Management

Bridgestone Regional Development Class

Dentsu Senior Management

DHL Emerging Leaders

Kalbe General Management

KUBS Global MBA Consumer Behaviour

McIntire Doing Business in Asia

Mitsui External Business Studies

NHH EMBA Doing Business in Asia

NUS Senior Management

NYU Doing Business in Asia

Panasonic Asia & Oceania Management

Panasonic Global Executive Development

Panasonic Management of Technology

PERMIT Guo Ji Ri Bao

Sime Darby Core Executive

Sime Darby Influencing Leadership

Sime Darby Management Trainee

UOB Wealth Management

Chinese

Baxter Advanced Hospital Management

Chongqing Bank Advanced Bank Management

Chongqing University Real Estate

CNIGC Board of Supervisors Training

Dalian Human Resource Management

Dongguan Advanced Government Management

Guangdong Bank Development Management

Jiangsu Bank Banking Management

Jiaying University Management

Liuzhou Government Management

Meizhou Advanced Economy Management

Meizhou Advanced Government

Nanhai Government Finance Back Office

SCE-Dalian Integrated Economy Management

Open Executive Programmes 2010/11

English

Accounting & Finance for Non-Financial Managers

Advanced Management

General Management

Leadership Development

Negotiation & Influence

Stanford-NUS Executive Programme in InternationalManagement

Strategic Human Resource Management

Strategic Management

Chinese

General Management

Marketing Management

Operations Management

SME Series: General Management

SME Series: Operations Management

SME Series: Strategic Management

Customised Executive Programmes 2010/11

2

1 Champion

Champion

Champion3

O

Competition

UTSTANDING WINNERSLeading from Asia

21LEADING FROM ASIA

Ernst & Young Singapore Business Case Competition

Copenhagen Business School Case Competition

12th Annual Navigant-McIntire Case Competition

Inaugural competition addressed sustainable practices and strategies

NUS Business School is the only school in the competition's ten-year history tohave won the championship twice - in 2005 and 2011

Focused on a brokerage firm assessing the exposure of its mutual fund tradingbusiness to regulatory breaches

NUS Business School students excelled against the

best in Asia and elsewhere in case competitions

during the academic year. But they also proved

themselves in other competitions.

Jasmine Ser was named 'Sportswoman

of the Year’ in Singapore after winning

two gold medals and two silver medals

in the air rifle events of the 2010

Commonwealth Games, setting a new

games record of 501.7 in the 10m air rifle

singles competition.

In the second East Asia Inter-Varsity

Invitational English Debate Competition in

2010, NUS BBA student Kelvin Chong was

named best speaker. He and his teammate

Ashok Rai from the NUS Law and Economics

programme emerged first runner-up. The

competition was organised by Macau's

Tertiary Education Services Centre.

All names in captions are from left to right

Ernst & Young Singapore Business Case CompetitionChoo Xin Yao, Ms Isabella Loh (Chairman of the SingaporeEnvironment Council), Damien Goh, Wang Jiazhao andLim Swee Keat

1 2Copenhagen Business School Case CompetitionAssoc Prof Lau Geok Theng, Candice Lim, Tobias Chen,Caroline Ng and Peh Che Min

Highlights of NUS Business School students' participation in competitions for the year:

Multi-medallist,Jasmine Ser

312th Annual Navigant-McIntire Case CompetitionAlvin Lim, Amanda Lai, Leonard Sin, Edwin Iskandar andCrystal Leung (Hong Kong University of Science & Technology)

Award Remarks

6 2nd runner-up

7 Best advocating skills

4

8 L'Attitude 1305' by Great Lakes Institute of Management –Arthashastra

Runner-up MBA students submitted an innovative ‘space solar power’ business plan in thisannual online competition

Competition


6th International Chamber of Commerce InternationalMediation CompetitionChia Xiao Feng, Oh Wei Yang Keith, Assoc Prof RaviChandran, Cai Chengying and Tobias Chen

7


933rd Inter-Collegiate Business CompetitionChan Fun Ruey, Candice Lim and Vincent Low

6

CaseIT 2011Assoc Prof Pan Shan-Ling (NUS School of Computing),Joyce Kay, Lim Wei Yang and Ervin Lim

8L'Attitude 1305'Suryadipta Dey, Vishal Narain Thulasidhar andAnukish Garg

5

CFA-University Investment Research CompetitionPang Junyi, Loo Li Yi Jasmine, Oh Sze Chiet Kris,Imelda Wongso and Wieta Anton Honoris

4

Carolina Challenge Ideas CompetitionTseng Ching-Tse, Benjamin Pack, Malvin Foo andPhilip Jones (University of North Carolina)

33rd Inter-Collegiate Business Competition9 Canada's longest-running premier undergraduate business case competition2nd runner-up

6th Intenational Chamber of Commerce InternationalMediation Competition

A record 58 schools took part

CaseIT 2011 The annual competition focuses on management information systems

Business and social venture competition that identifies and supports outstandingentrepreneurial ventures

Champion (preliminary round)Carolina Challenge Ideas Competition

5 Promotes the practice of professional investment research among universitystudents in Singapore

Champion (Singapore leg)CFA-University Investment Research Competition

Award Remarks

14

Competition

23LEADING FROM ASIA

1018th L'Oréal BrandstormJonathan Loh, Colin Jeremy Lim, Caroline Ng,Mdm Ho Geok Choo (Guest-of-Honour) andMr Christopher Neo (Managing Director, L'Oréal Singapore)

14HSBC/McKinsey Business Case CompetitionCaroline Ng, Meryl Joan Lee, Assoc Prof Lau Geok Theng,Chan Fan Ruey and Tobias Chen

11Thomson Reuters Top TraderDerwin Chua


13NUS-DBS International Case CompetitionKwek Hsien Yao, Amelia Lee, Peh Che Min,Grace Lin and Assoc Prof Hum Sin Hoon (Vice-Dean,Undergraduate Studies)

1512th Inter-Collegiate Finance Competition

12HKUST Citi International Case CompetitionAssoc Prof Tan Soo Jiuan, Yeow Xin Jie,Keith Lai Wei Xuan, Goh Aik Joon and Endi Asmira

10 18th L'Oréal Brandstorm Champion (Singapore leg) andPeople’s Choice Award

Competing teams worked on a marketing plan for a range of hair care productsfor a fashion brand

1st runner-up Strategy and general management based case studies, including entrepreneurship,innovation, corporate sustainability and cultural diversity

HSBC/McKinsey Business Case Competition

11 Participants were given a £1 million ‘fantasy budget’ to build a market-beatingportfolio

ChampionThomson Reuters Top Trader

13 NUS Business School's flagship international case competition2nd runner-upNUS-DBS International Case Competition

12 2nd runner-up Only Asia-Pacific team to advance to the finalsHKUST (Hong Kong University of Science and Technology)Citi International Case Competition

15 5th place12th Inter-Collegiate Finance Competition Only foreign team to compete in Manila

Award Remarks

16

17

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Competition


21CaseIT 2010May Yu, Assoc Prof Pan Shan-Ling (CaseIT 2010 Chairman),Stephen Lee, Mahesh Kumar (CaseIT 2010 Vice-Chairman),Lai Wai Kit and Sherry Goh

17Peak Time Worldwide CompetitionOoi Tong Wei, Ritchie Goenawan, Lock Hui Min andLai Wai Kit

16Audit & Accounting Challenge(front) Clarice Koh, Angeline Goh, Susanna Tang andLeo Wei Ling; (back) Darren Low, Tan Ruizhi,Alan Khor and Kelvin Chong

Teams solve case studies and run a business using an online businesssimulation tool

Peak Time Worldwide Competition Champion

1st runner-up

ChampionAudit & Accounting Challenge Inter-school competition organised by the Nanyang Business School Auditing andAssurance Team

20 Inter-School Budget Quiz Challenge Champion Inaugural quiz on economics, budget and public finance issues by the Ministryof Finance

19 NUS-Shell Business Case Competition Students worked under pressure and time constraints to solve real-lifebusiness problems

Champion

18BizBuzzTay Bo Heng Isaac, Phay Su Ing Valerie,Kay Chew Min Joyce and Hong Yuan Zhang


21 2nd runner-upCaseIT 2010 Case study on IBM Canada seeking to align itself to IBM's global IT strategies

2nd runner-up

ChampionBizBuzz Annual international business case competition organised by students fromNUS Overseas Colleges

NUS Bachelor of Business Administration graduates in a momentof jubilation at the Commencement 2011 ceremony.

Award Remarks

National University of Singapore signed a three-year

Memorandum of Understanding with Santander

Bank that will allow NUS, including NUS Business

School, to have access to members of the Santander

Universities network such as the University of

California, Los Angeles (UCLA) and Boston University.

(From left) Assoc Prof Hum Sin Hoon, Vice-Dean (UndergraduateStudies), NUS Business School; Prof Bernard Yeung, Dean,NUS Business School; Prof Tan Chorh Chuan, President, NUS;Mr Emilio Botin, Chairman, Santander Bank; Ms Ana Wang,Managing Director, Santander Universities Asia; andMr Salvador Medina, Executive Vice-President, SantanderUniversities Global Division.

For the first time, the CEMS Executive Board

Meeting was brought outside of Europe and held

at NUS Business School, the first in Asia to be awarded

full CEMS academic membership.

The event coincided with the first networking event

for CEMS corporate partners and alumni.

CEMS, a strategic alliance of 75 global corporate

partners and 26 world-class management schools,

invites only one top institution from each country

as an academic member. NUS Business School offers

the CEMS Master’s in International Management

(MIM) programme.Information sharing session attended by representatives from local and headquarter CEMS corporate partners, alumni working inSingapore, CEMS and NUS Business School colleagues, as well as CEMS and MSc (Mgt) students.

AYEAR OF GROWTH INGLOBAL CONNECTIONS

25LEADING FROM ASIA

R Powerhouseesearch

Through our distinctive research centres, we cementour lead as Asia's Global Business School. Theyprovide connectivity between practitioners andacademics, and their activities showcase our uniquecapabilities, strengthening the reputation of ourrigorous teaching programmes as being practicaland relevant.

• Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP)

• Centre for Asset Management Research and Investments (CAMRI)

• Centre for Governance, Institutions and Organisations (CGIO)

• Centre for Strategic Leadership (CSL)

The Asia Centre for Social Entrepreneurshipand Philanthropy aims to encouragebusinesses to advance, nurture andundertake activities with a socialconscience. It plays a pivotal role in forgingpartnerships with advisors, practitionersand foundation heads from all overthe globe.

ASIA CENTRE FORSOCIAL ENTREPRENEURSHIPAND PHILANTHROPY

CSEP

In the past year, ACSEP has spearheaded more

than 20 conferences, public lectures and

symposiums, including NUS Business School’s first

Philanthropic Speaker Series. The inaugural

dialogue featured Dr Feng Lun, Chairman of

the Beijing Vantone Group, and Founder and

Chairman of the World Future Foundation, who

shared his experience in balancing business

development with social responsibility.

As a springboard for new ideas and ideologies,

the centre held a Conference on Philanthropy

at which the Financial Access at Birth Campaign

was highlighted. It was presented by co-founder,

Bhagwan Chowdhry, Professor of Finance and

Faculty Director of the Master of Financial

Engineering programme at University of California,

Los Angeles (UCLA).

Dr Feng Lun (left) with Prof Teo Chung Piaw

The emeritus professor

e x p l a i n e d t h a t

governments should

ensure every child has

a bank account at birth

so everyone can secure

themselves a better

future. The conference

w a s c h a i r e d b y

NUS Business School

Assoc Prof Lam Swee Sum who presented

two papers on intergenerational philanthropy

and venture capital practices for sound

social investment.

During the Singapore

Biennale 2011, ACSEP

and the NUS Museum

organised the Art

Activism Symposium,

showcasing four Asian

artists championing

s o c i o e c o n o m i c

c h a n g e s t h ro u g h

their work.

The artists were Mr Tisna Sanjaya from Indonesia,

Ms Alma Quinto and Mr Mark Salvatus from

the Philippines, and Mr Kamin Lertchaiprasert

from Thailand.

Prof Bhagwan Chowdhry

Mr Kamin Lertchaiprasert

27RESEARCH POWERHOUSE

Mr Sasa Vucinic on Investing in MediaMr Vucinic is the co-founder and Managing Director ofMedia Development Loan Fund, which supports independentmedia start-ups committed to socially-responsible journalism.

Dr Timothy Stanton on Service LearningDr Stanton is the Director of Stanford University’s Bing OverseasStudies Programme in Cape Town, South Africa.

Ms Joyce Djaelani Gordon on Drug Abuse and HIV/AIDSMs Gordon is the founder of YAKITA, a non-profit drugtreatment and recovery centre in Indonesia.

At the Microfinance Forum, our undergraduates

explored the challenges of adapting microfinance

in Singapore. ACSEP organised the talk with

ASKI (Alalay sa Kaunlaran, Inc.) Global, a sister

company of a successful microfinance institution

in the Philippines, whose Executive Director,

Mr Rolando Victoria, shared some best practices

regarding this growing lending programme.

The past year also saw six social innovators

from around the globe speaking at ACSEP’s

In Conversation series, a platform to initiate

dialogues between students and social

entrepreneurs, social enterprises, philanthropists

and philanthropic organisations.

The series addresses fundamental and pressing

social concerns to add real-world perspectives

on the schooling of our future leaders in

civic-mindedness.

ACSEP and NUS Business Students Give Back

• Together with social enterprise Give.sg,

NUS Business School undergraduates staged

‘Style for a Cause’, a hair makeover marathon at

The Heeren, in Singapore, as a fundraiser to

benefit disadvantaged children and young people.

• ACSEP donated over 2,700 used books and

journals on a wide range of topics including

finance, psychology, statistics and marketing

to the National University of Management

in Cambodia.

• The MBA students and exchange students

representing the school’s Social Impact Club visited

the Philippines to meet officers from Gawad

Kalinga, an international non-governmental

organisation (NGO), to share their views on

expanding the NGO’s initiatives in Singapore.

• Undergraduates organised ‘Eat.Live.Love.Run!’,

a non-competitive run at NUS, to raise funds in

support of Gawad Kalinga’s efforts to build

sustainable farms in the Philippines.

NUS Business School undergraduates at the Microfinance Forum.

In Conversation with…

Ms Casey Wilson on MicrofinanceMs Wilson is the CEO and co-founder of Wokai, an onlineplatform that enables contributors worldwide to supportimpoverished entrepreneurs in rural China.

Mr John Anugraha on Sustainable DevelopmentMr Anugraha is the founder of Global Citizens for SustainableDevelopment, a non-profit organisation based in Bangalore,India involved in youth volunteerism.

Ms Alexis Ditkowsky on Social Enterprise ModelsMs Ditkowsky shared her experiences in marketing, digitalmedia and online community-building programmes. Sheadvocates microfinance projects as a Kiva Fellow.

28 RESEARCH POWERHOUSE

AMRICENTRE FOR ASSETMANAGEMENT RESEARCHAND INVESTMENTS

Innovation through research and thoughtleadership in the practice of assetmanagement is at the core of the Centrefor Asset Management Research andInvestments. CAMRI is well equipped tohelp train students as money managersand research analysts.

Through the centre, NUS Business School promotes

best practice in Asian institutional, sovereign wealth,

and retail fund management and regulation.

At the CAMRI Lab, students can work on real-time,

simulated investments and portfolio management.

The centre also facilitates student consulting

practicums and engages faculty, academics,

practitioners and scholars from around the globe

in conferences, lectures and forums.

At the centre’s inauguration on 7 April 2010, lectures

were held on financial risk-taking, complex

securities and inflation indexing. Guest speakers

included Mr Alex Maddox, Managing Director of

Citadel London;

Prof Chew Soo Hong

f ro m t h e N U S

D e p a r t m e n t o f

E c o n o m i c s ;

Prof Joseph Cherian,

Director of CAMRI;

and Mr Anthony

Neoh, a sen ior

member of the

Hong Kong Bar, and

former chief advisor

to the China Securities Regulatory Commission.

At the official launch of CAMRI (from left) Prof Tan Eng Chye, Deputy President (Academic Affairs) & Provost, NUS; Mr Andrew Kwek,CAMRI Board Member, Director & Chief Executive Officer, Deutsche Asset Management (Asia), DB Advisors; and Mr Lim Chuan Poh,Chairman, A*STAR.

Mr Anthony Neoh


Academic Year 2010/11 saw the centre hosting

18 industry talks, many of which were open to

the public. These events serve as a platform to

further the understanding of investment behaviour

in emerging regional markets, especially in the light

of the recent global financial crisis.

At a CAMRI public lecture, Prof Stephen A Ross,

a Franco Modigliani Professor of Financial Economics

at MIT Sloan School of Management, shared his

views on the root cause of the global downturn.

CAMRI also kicked off NUS Business School’s first

Applied Financial Seminar Series with a lecture

on small-cap investing. Mr Robert Lewis CFA,

Managing Director of Novatera Capital, provided

the Asian context.

At the Applied Research Forum in Asian

Asset Management, organised with

The Parker Center at Cornell University's

Johnson School, panellists discussed

financial regulation, l iquidity and

risk management, and investment

opportunities in Asia. The forum drew

an audience of over 100 academics,

money managers and consultants.

Speakers at the NUS-Cornell Applied Research Forum (from left) Prof MingHuang, Professor of Finance, Cornell University; Mr Peter Elston, Strategist,Aberdeen Asset Management; Ms Veronica Eng, Partner & Chairman, Asia,Permira Advisers; and Mr Daniel Chan, former Chief Executive Officer,Lion Global Investors.

Panellists at the CAMRI Roundtable (from left) Prof Gunter Dufey, Professor Emeritus at The University of Michigan Ross School, whomoderated the roundtable; Prof Thomas Cooley, Paganelli-Bull Professor of Economics & Dean Emeritus at the Leonard N Stern Schoolof Business; Mr Andrew Khoo, Assistant Managing Director (Policy, Risk & Surveillance) from the Monetary Authority of Singapore;Mr Anthony Neoh, former Chief Advisor to the China Securities Regulatory Commission and former Chairman of the Hong KongSecurities and Futures Commission.

Industry and academic leaders discussed new

Asian legislation, regulation and stimulus packages

at a CAMRI Roundtable, ‘The New Global

Financial Architecture and Financial Regulation:

The Asian Context’.

Prof Stephen A Ross


Key Research Papers

Portfolio Management and Liquidity Riskby Prof Joseph Cherian (CAMRI), Mr Sriketan Mahanti(Orissa Group Inc) and Prof Marti Subrahmanyam(New York University Stern School of Business)

The research provides empirical evidence that a morerefined version of a well-accepted measure of liquiditystrongly validates the notion that liquidity affects bothportfolio construction and risk management.

Worry-Free Inflation Indexing for Sovereignsby Prof Zvi Bodie (Boston University), Prof Joseph Cherian(CAMRI) and Mr Wee Kang Chua (CAMRI)

The researchers explored how small countries can providelocal inflation index linked retirement products for theircitizens and hence improve the functioning of their pensionsystems and the welfare of their retirees.

Harnessing Fresh Talent

NUS Asian MBA Stock Pitch Competition

CAMRI also hosts an annual competition in which

MBA students test their equity research and

stock-picking skills. Students from top Asian

universities undergo three gruelling rounds of

buy/hold/sell recommendations and presentations.

Students from the Indian School of Business,

Hyderabad were crowned as 2010 champions.

In second place was a team from the Australian

Graduate School of Management, University of

New South Wales.

Inaugural GIC Essay Prize Competition

The Government of Singapore Investment

Corporation (GIC) challenged undergraduates to

tackle the topic ‘Post-Financial Crisis: Key Lessons,

Opportunities and Recommendations for

Asia’s Institutional Investors’ and compete in the

GIC Essay Prize 2010/11.

Administered by CAMRI, and introduced in August

2010, the challenge aims to increase students’

interest in institutional asset management.

Partnership with the investmentmanagement industry

CAMRI and the Investment Management

Association of Singapore (IMAS) formed a strategic

alliance to spearhead innovation and development

in the investment management industry.

IMAS will support CAMRI’s educational programmes,

research activities and events, and provide

endorsements for relevant CAMRI activities. CAMRI

will open its events to IMAS members.Mr Henry Fernandez (left), Chief Executive Officer and Presidentof MSCI Barra, and Dean Prof Bernard Yeung signed a newpartnership that will enable the NUS Business School communityto access MSCI Barra’s risk and investment management toolsat the CAMRI Lab.

New Collaborations

Two-year agreement for use ofinvestment software

NUS Business School extended its partnership with

MSCI Barra, a leading global provider of investment-

decision support tools, with a new two-year

agreement for the use of its risk management

software modules. The state-of-the-art tools enable

our students and researchers to conduct full-scale

investment management research and analysis,

and perform portfolio construction, backtesting,

and risk management exercises at the CAMRI Lab.

This new contract is in addition to the earlier

‘Barra on Campus’ agreement.


GIO

Good governance is critical for anyhigh-performing economy, whether inAsia or elsewhere. NUS Business Schoolestablished the Centre for Governance,Institutions and Organisations tospearhead effor t s to generateintellectual leadership and enhancethe practical relevance of the ‘Asianmodel of governance’ for businessesand governments in the region.

CENTRE FORGOVERNANCE, INSTITUTIONSAND ORGANISATIONS

The centre has several key objectives: conduct

high-quality, interdisciplinary academic research;

develop industry-related training; and produce

surveys, case studies and indices for publication.

CGIO’s research facility encompasses five units,

namely Family Business, Corporate Governance,

Legal and Institutional Developments, Business

Groups, and Government-Linked Companies.

While focused on the study of Asian corporate

governance, institutions and organisations, the

units also oversee wide-ranging research in the

fields of accounting, strategy and policy, finance,

and management.

At the centre's official launch in July 2011, the

CGIO held a forum that tackled the Asian model of

governance. Keynote speaker Prof Huang Yasheng

from the Sloan School of Management at

Massachusetts Institute of Technology shared his

analysis of China’s rapid economic growth over the

past three decades.

Forum speakers during the centre’s official launch with keyNUS Business School personalities.

The centre’s research programmes also incorporate

conferences and talks where analysts present

case studies and findings. Among them was the

Governance of Industrial Foundations Public

Seminar with Prof Steen Thomsen, Director of the

Centre for Corporate Governance at Copenhagen

Business School (CBS).

His study covered the governance mechanisms,

or lack thereof, of firms in Northern Europe that

own private foundations. It is a business structure

that is becoming popular among family businesses

in Asia.

Guests at the CGIO official launch included (from left)Prof Huang Yasheng, Dean Prof Bernard Yeung, Mr S Dhanabalanand Mr Tan Soo Jin.


Also on the subject of Asian family businesses,

the CGIO co-organised the Asian Family

Business Roundtable where a select group of

industry leaders from Indonesia, Malaysia,

Singapore and Thailand discussed the challenges

faced by second generation business chiefs.

Toasting the success of the Asian Family BusinessRoundtable are (from left) Prof Chang Sea-Jin, Director, CGIO;Mr Sukanto Tanoto, Founder, Chairman & CEO, Royal GoldenEagle Group; and Dean Prof Bernard Yeung.

CGIO Public Lectures

• Trade and Poverty: When the Third World

Fell Behind presented by Prof Jeffrey Williamson,

Laird Bell Professor of Economics from Harvard

University and Honorary Fellow of the Department

of Economics at University of Wisconsin-Madison.

• Government-Business Relations and Rent-

Seeking in China presented by CGIO’s first

distinguished academic visitor, Prof Ngo Tak-Wing

from Erasmus University Rotterdam.

• Corporate Governance: Asian versus Western

Perspective presented by Mr Anthony Neoh,

former Chief Advisor, China Securities

Regulatory Commission, and former Chairman,

Hong Kong Securities and Futures Commission;

and Prof Randall Morck, who holds a Stephen A.

Jarislowsky Distinguished Chair in Finance,

University of Alberta. This lecture was organised

in partnership with the Centre for Asset

Management Research and Investments (CAMRI).

Governance and Transparency Index Launched

CGIO and The Business Times jointly launched theGovernance and Transparency Index (GTI). The index,sponsored by CPA Australia and supported by theInvestment Management Association of Singapore, ranksSingapore-listed companies on their compliance with

the Singapore Code ofCorporate Governance.

The GTI awards companies a maximum of 75 and 25 pointson governance and transparency (including investorrelations), respectively. Companies may also gain "bonus andpenalty" points.

Into its fourth issue, the GTI serves as a health check forcompanies that see corporate governance as a key elementin business confidence.

A key talking point was the internationalisation

of Asian family firms, as presented by Prof

Michael Carney from Concordia University and

Dr Marleen Dieleman from NUS Business School.

The high-profile event was organised with the

Chinese University of Hong Kong, Concordia

University, Family Business Network Pacific Asia

and INSEAD.


SLCENTRE FORSTRATEGIC LEADERSHIP

As Asian economies play an increasinglyimportant role globally, business strategiesare being re-assessed and developed.The NUS Business School Centre forStrategic Leadership is pioneeringresearch on the leadership values andcompetencies deemed critical in buildingvisions and shaping strategies forAsia’s growth.

(From left) Mr Charles Tseng, President, Asia Pacific, Korn/Ferry International; Mr Michael Zink, Country Head & Citi Country Officerof Singapore, Citigroup; Dean Prof Bernard Yeung; and Mr Praveen P Kadle, Managing Director & CEO, Tata Capital.

Asian economic growth and the region’s diverse

political, economic and socio-cultural settings are

now - more than ever - challenging fundamental

business philosophies and practices.

The newly-established Centre for Strategic

Leadership (CSL) is leveraging the strengths of

NUS Business School’s international faculty,

global partnerships, state-of-the-art facilities and

central location in Asia to bridge knowledge gaps

in the region’s changing economic landscape.

In its first year, CSL initiated research, roundtable

talks with corporate chiefs, and executive leadership

dialogues, many of which are conducted in Chinese.

NUS Business School officially launched the centre

with a landmark CEO Roundtable. The first in the

series, chaired by Dean Prof Bernard Yeung, brought

together government officials, senior managers and

academics to explore regional trends with three

prominent industry chiefs.

Mr Michael Zink, Country Head of Citi Singapore,

Citigroup, headed a discussion on how emerging

regional markets are helping to generate growth

globally. Mr Praveen P Kadle, Managing Director

and CEO of Tata Capital, tackled business

opportunities and challenges in South Asia.

Mr Charles Tseng, President, Asia Pacific of Korn/

Ferry International, spoke about the war for talent.


(From left) Assoc Prof Vivien Lim, NUS Business School;Prof Audrey Tsui, Executive Director of the Centre for StrategicLeadership; Dr Shyam Pingle, Vice President, Medical andOccupational Health Services, Rel iance Industr ies;and Dr Cherryl J Christensen, Corporate Medical Director,Procter & Gamble.

The centre a lso staged i ts Executive

Dialogue Series.

A session on ‘Building Resilience at Work’

provided fresh insights from India and China, and

a work-life balance strategy set in place at

Procter & Gamble (P&G).

Mr Indranil Roy explaining a new Asian growth model.

engagement is imperative in achieving business

sustainability in China.

CSL’s second Executive Dialogue session studied

blueprints for ‘Asian Leaders of Tomorrow’.

Mr Indranil Roy, Managing Director (Asia Pacific)

of Leadership and Talent Consulting at Korn/Ferry

International, urged business leaders to adopt

a new ‘Asia 2.0’ growth model in managing

today’s major shifts in the market as innovation

and creativity become increasingly important in

the region.

Dr Andreas Pazi Raharso, Dean of the Global

R&D Centre for Strategy Execution at Hay Group,

challenged the audience to embrace the concept

of diversity in experiences to conquer uncertainties

in a global market.

Concluding the dialogue, Mr Paul Lim, Director

of the Centre for Leadership Development, Civil

Service College, detailed the intricacies of

economic policymaking faced by Singapore

public servants today.

Mr Paul Lim sharing insights on developing future leaders inthe Singapore public service.

Dr Andreas Pazi Raharso emphasising the importance ofcross-spectrum exposure to create global leaders.

Dr Cherryl J Christensen, P&G’s Corporate

Medical Director, introduced the conglomerate’s

health and wellness programme as an effective

means of enhancing staff performance. Dr Shyam

Pingle, Vice President, Medical and Occupational

Health Services, Reliance Industries, spoke about

the need for change agents, while CSL Executive

Director, Prof Audrey Tsui explained why employee


IntensityntellectualAs a leading business school in Asia, we continue to pursue knowledgedevelopment with passion to maintain our rigorous, world-classthought leadership that advances research and teaching. By fullyutilising our extensive resources, we create an environment highin intellectual intensity.

• Faculty Achievements

• In the Spotlight

• Selected Publications

Through its research and teaching,NUS Business School offers globalknowledge with deep Asian insights,and our thought leadership aims topromote transformational change inbusiness and academia. Our facultymembers bring diverse experience asscholars, professionals and researchersinto the classroom to forge a dynamiclearning environment.

ACULTY

Formerly the Department of Business Administration,

NUS Business School is now an institution with a

range of departments and academic centres, and

more than 130 faculty members.

Over the years, the faculty, who have produced highly-

cited papers in leading journals, have been honoured

with numerous achievement and academic awards.

Featured here are some highlights for the year.

Outstanding Educator Award 2010/11

• Assoc Prof Hum Sin Hoon (Decision Sciences),Vice-Dean, Undergraduate Studies

• Dr Winston Kwok (Accounting)

Outstanding Researcher Award 2010/11

• Asst Prof Edmund Keung (Accounting)• Asst Prof Iris Hung (Marketing)

Distinguished Scientific Contribution Award

Prof Richard Arvey, Head, Departmentof Management & Organisation, washonoured by the Society for Industrialand Organizational Psychology, adivision of the American PsychologicalA s soc i a t i on , f o r h i s s c i en t i f i ccontributions in the field of industrialand organisational psychology.

Prof Richard Arvey

‘The Good News in Short Interest’, Journal ofFinancial Economics (co-authored with ProfEkkehart Boehmer and Bradford D. Jordan)

Fama* – DFA (DimensionalFund Advisors)

*Named after advisory editorof the Journal of FinancialEconomics, Eugene F. Fama

Research Achievements

Faculty Member(s) Award Paper / Project

‘Multiperiod corporate default prediction –A forward intensity approach’ (co-authoredwith PhD student Wang Tao and Sun Jie fromNUS Risk Management Institute)

Conference /Awarding Body

Assoc Prof Jochen Wirtz(Marketing)

Emerald Literati ClubHighly CommendedAward for Excellence

Emerald Literati ClubHighly CommendedAward for Excellence

Outstanding Reviewer

Best Paper Award

‘Emotion display rules at work in the globalservice economy: the special case of thecustomer’, Journal of Service Management

Journal of Service Management

Prof Duan Jin-Chuan(Finance)

Assoc Prof Jochen Wirtzand Dr Tambyah Siok Kuan(Marketing)

‘Organizational learning from customer feedbackreceived by service employees: A social capitalperspective’, Journal of Service Management

Emerald Literati Club

2010 National TaiwanUniversity InternationalConference on Finance

Asst Prof Zsuzsa Huszar(Finance)

Best Paper Award

37INTELLECTUAL INTENSITY

‘Ask NUS

Economists’ in

The Straits Times

Faculty members from

the Department of

Strategy & Policy gave

insights on queries

relating to domestic

and international

economics posted by

readers.

‘Ask NUS Profs’ in

The Business Times

In Academic Year 2010/11, this

weekly column offered advice on a

variety of issues on business strategy,

marketing, financial management,

human resource management,

accounting procedures, regional

expansion and intellectual property,

amongst others, in consultation with

Assoc Prof Ang Swee Hoon from the

Department of Marketing.

The Economist, 23 September 2010 issue

In the Spotlight

Genetic Research featured in The Economist

The work of three faculty members from the

Department of Management & Organisation

was featured in a three-page article headlined

‘Homo administrans’. It covered the study of

Department Head, Prof Richard Arvey, which

suggests that businesswomen are born, and

cited Asst Prof Song Zhaoli’s DNA analysis of the

relationship between genes and work-related

variables. Dr Michael Zyphur, a former faculty

member, was acknowledged for his studies on

hormone behaviour.

The Business Times, 19 April 2010

The Straits Times, 13 May 2010

38 INTELLECTUAL INTENSITY

SELECTED PUBLICATIONS – April 2010 to March 2011 Tier 1 Journal Articles Books

Koh William, Making Prints on Cement: The Cherie Hearts SuccessStory, Singapore: Cengage Learning Asia Pte Ltd, 2011. 200 pp.

Tan Chwee Huat, Human Capital Management in Singapore,Singapore: Singapore Human Resources Institute, 2010. 132 pp.

MARKETINGChu Junhong and Chintagunta P, "An Empirical Test of WarrantyTheories in the US Server and Automobile Markets". Journal ofMarketing, 75, no. 2 (2011): 75-92. (United States).

Lee, Yih Hwai and Lim A C E, "When Good Cheer GoesUnrequited: The Moderating Role of Consumer EmotionalReceptivity". Journal of Marketing Research, 47, no. 6(December 2010): 1151-1161. (United States).

Lim Wei Shi and Soo Jiuan Tan, "Outsourcing Suppliers asDownstream Competitors: Biting the Hand that Feeds".European Journal of Operational Research, 203, no. 2 (2010):360-369. (Netherlands).

Li Xiuping, W Liyuan and D Soman, "Sealing the Emotions Genie:The Effects of Physical Enclosure on Psychological Closure".Psychological Science, 21 (August 2010): 1047-1050.(United States).

STRATEGY & POLICYLan Luh Luh and Heracleous L, "Rethinking Agency Theory:The View from Law". Academy of Management Review, 35,no. 2 (2010): 294-314. (United States).

Lim, Ma .Hui, and Lim Chin, "Nowhere to Hide: The GreatFinancial Crisis and Challenges to Asia", Singapore: Institute ofSouth East Asian Studies, 2010, 174 pp.

Tay Catherine and Au Eong K G, Medico-legal and EthicalIssues in Eye Care: Case Scenarios for Optometrists, Opticians,Ophthalmologists and Family Physicians, Singapore: McGraw-Hill Education (Asia), 2010. 209 pp.

Tay Catherine and Tay L, Medico-legal and Ethical Issuesin Cardiology and General Medicine: Case Scenarios, Singapore:McGraw-Hill Education (Asia), 2010. 162 pp.

Tay Catherine and Tien S L, Biomedical Ethics and Medical Lawin Blood Transfusion Practice: Case Scenarios, Singapore:Armour Publishing Pte Ltd, 2010. 154 pp.

Boehmer E, Zsuzsa R. Huszar and B D Jordan, "The Good News inShort Interest". Journal of Financial Economics, 96, no. 1 (2010):80-97. (Switzerland).

Bruche, M and Naqvi, Hassan, "A Structural Model of Debt Pricingwith Creditor-Determined Liquidation". Journal of EconomicDynamic & Control, 34 (2010): 951-967. (Netherlands).

Chemmanur T, G Hu and Huang Jiekun, "The Role of InstitutionalInvestors in Initial Public Offerings". Review of Financial Studies,23 (2010): 4496-4540. (United States).

Edelstein B, Qian Wenlan and D Tsang, "How do InstitutionalFactors Affect Real Estate Returns?". Journal of Real Estate Financeand Economics, 43, no. 1 (2011): 130-151. (Netherlands).

Zhang M and Deng Yongheng, "Is the Mean Return of HotelReal Estate Stocks Apt to Overreact to Past Performance?".Journal of Real Estate Finance and Economics, 40, no. 4 (2010):497-543. (Netherlands).

Zhu Y, S E Ong and Yeo Wee Yong, "Do REITs Manipulate TheirFinancial Results around Seasoned Equity Offerings? Evidence fromUS Equity REITs.". Journal of Real Estate Finance and Economics,40, no. 4 (Special Issue on APRU Real Estate Research Symposium2008) (2010). (Netherlands).

Ng, K K, Zhang Weina, Maran Marimuthu and SandeepBhattacharya, Financial Management, Oxford Fajar Sdn. Bhd.:Oxford University Press, 2010. 422 pp.

MANAGEMENT & ORGANISATIONBallinger, G A, Lehman D W and Schoorman F D, "Leader-memberExchange and Turnover Before and After Succession Events".Organizational Behavior and Human Decision Processes, 113 (2010):25-36. (United States).

Haas, M and Park Sangchan, "To Share or Not to Share? ProfessionalNorms, Reference Groups, and Information Withholding AmongLife Scientists". Organization Science, 21, no. 4 (2010): 873-891.(United States).

Song Zhaoli, Foo M, Uy M and Sun S, "Unraveling the Daily StressCrossover Between the Employed and Their Employed Spouses".Journal of Applied Psychology, 96, no. 1 (2011): 151-168.(United States).

ACCOUNTINGEdmund Keung, "Do Supplementary Sales Forecasts Increase theCredibility of Analysts’ Earnings Forecasts?". The AccountingReview 85, no. 6 (2010): 2047-2074. (United States).

Edmund Keung, Z. Lin, and M. Shih, "Does the Stock Market Seea Zero or Small Positive Earnings Surprise as a Red Flag?". Journalof Accounting Research, 48, no. 1 (2010): 105-135. (United States).

Luo Shuqing, Mei Feng, Ge Weili and Terry Shevlin, "Why doCFOs Become Involved in Material Accounting Manipulations?".Journal of Accounting and Economics, 2011.

Kwok Winston, Financial Accounting: Information for DecisionsIFRS, Singapore: McGraw-Hill, 2010. 600 pp. (Textbook).

DECISION SCIENCESChen Gongtao and Gavirneni S, "Using Scheduled Ordering toImprove the Performance of Distribution Supply Chains".Management Science, 56, no. 9 (2010). (United States).

Chen W, Sim Melvyn, Sun Jie and Teo Chung Piaw, "From CVaRto Uncertainty Set: Implications in Joint Chance ConstrainedOptimization". Operations Research, 58, no. 2 (2010): 470-485.(United States).

Goh W J and Sim Melvyn, "Distributionally Robust Optimizationand its Tractable Approximations". Operations Research, 58,no. 4 (2010): 902-917. (United States).

Mabel C. Chou, Geoffrey A. Chua, Chung-Piaw Teo andHuan Zheng, "Design for Process Flexibility: Efficiency of theLong Chains and Sparse Structure". Operations Research, 58,43-58, 2010.

See C T and Sim Melvyn, "Robust Approximation to Multi-PeriodInventory Management,". Operations Research, 58, no. 3 (2010):583-594. (United States).

Stevenson, W J and Sum Chee Chuong, Operations Management:An Asian Perspective, Singapore: McGraw-Hill, 2010. 859 pp.

FINANCEAn X, J Clapp and Deng Yongheng, "Omitted MobilityCharacteristics and Property Market Dynamics: Application toMortgage Termination,". Journal of Real Estate Finance andEconomics, 41, no. 3 (2010): 245-271. (Netherlands).

39INTELLECTUAL INTENSITY

Thought LeadershiplobalThe school’s collaboration with international academics andrenowned industry leaders continues to grow in strength andimpact. Our insightful conferences, forums and dialogues serveas platforms for global knowledge transfer that keeps thebusiness community up to date with the latest industry trends.

As Asia's Global Business School, ourresearch and teaching keep us abreastof the issues of the day and the needsof tomorrow. With our investment inresearch, as well as growing partnershipswith the international academic community,and a legion of future leaders populatingour classrooms, the school represents afertile environment, which allows for theexchange of global knowledge.

YNERGYOF IDEAS

In a world of constant change, and in the wake of

the global financial meltdown, business leaders are

asking new questions and the school is helping to

provide new answers.

Tolani-ISAS-NUS Business School Public Lecture

Acting as a bridge between academics and business

– theory and practice – the school staged forums

and seminars over the year. One such example was

a tripartite event between Tolani Education, the

Institute of South Asian Studies (ISAS) and NUS

Business School. This featured guest speaker

Prof Eswar Prasad, Tolani Senior Professor of Trade

Policy at Cornell University, discussing the state of

emerging markets, the possible resurgence of global

imbalances, and the fate of the US dollar.

Prof Eswar Prasad (left) with Dean Prof Bernard Yeung addressing questions from the audience during the Q&A session.

41GLOBAL THOUGHT LEADERSHIP

The Senior Leadership Breakfast Forum brought together thought leaders in corporate social responsibility and sustainability, namely(from left) Mr Jonathan Auerbach, Managing Partner, McKinsey & Co. Southeast Asia; Mr Martin Geh, Managing Director, LogitechAsia Pacific & Japan; Adjunct Prof Sheila Wang, NUS Business School, who chaired the forum; Dr Steve Ting, former ExecutiveChairman & Director, British Telecom Frontline Southeast Asia; and Dr Robert Yap, Chairman & CEO, YCH Group.

Another channel of engagement is the Leadership

Dialogue Series. Between April 2010 and

May 2011, the school organised five dialogue

sessions, covering topics from entrepreneurship

to ethics.

In creating an environment high in intellectual

intensity, the school engages the business community

in panel discussions that contribute to public debate,

influence teaching and education, and enrich our

understanding of major industry developments.

These include the NUS Business School – The

Business Times CEO Luncheon Series and the

Senior Leadership Breakfast Forum.

Leading from Asia, the school tailors these

discussions with a strong Asia-centric approach.

The NUS Asian Business Series, a platform that

showcases Asian thought leadership from the

business luminaries of Asia, was launched with

speaker Mr Mitoji Yabunaka, Advisor of Nomura

Research Institute and Japan’s former Vice Minister

for Foreign Affairs.

Mr Mitoji Yabunaka at the inaugural session of the NUS AsianBusiness Series.

Mr Fan Yifei speaking on the topic, ‘China: The New GlobalGrowth Engine or The Next Global Bubble?’.

A three million dollar gift from the Chairman of

the United Overseas Bank, Dr Wee Cho Yaw and

his family, also helped establish the Wee Cho Yaw

Singapore-China Finance and Banking Forum.

Jointly organised by NUS Business School and

NUS Global Asia Institute, the forum featured

Executive Vice President and Deputy Chief

Operation Officer of China Investment Corporation,

Mr Fan Yifei as keynote speaker.

(From left) Prof Duan Jin-Chuan, Risk Management Institute andCycle & Carriage Professor of Finance at NUS Business School;Mr Manu Bhaskaran, CEO, Centennial Asia Advisors; andMr Vikram Khanna, Associate Editor, The Business Times, tacklingthe question, ‘What Lies Ahead for the Asian & Global Markets?’.

42 GLOBAL THOUGHT LEADERSHIP

21

3

4 5

Leadership Dialogue Series

Singapore Exchange – The Asian GatewayMr Magnus Böcker, Chief Executive Officer of theSingapore Exchange (SGX), spoke about themilestones that shaped SGX into Asia’s second-largestlisted exchange.

Repositioning Singapore’s Economy forthe FutureDr Beh Swan Gin, Managing Director of the EconomicDevelopment Board (EDB), spoke of buildinga Singapore that will be a home for business,innovation and talent in the years ahead.

Journey on the Path of the Righteous Crane –Modernising a Traditional BusinessMr Richard Eu, Group Chief Executive Officer ofEu Yan Sang Group, spoke about how thefamily business never lost sight of its traditionalvalues, staying committed to ethical practices,and maintaining the quality of its products in achanging market.

Business Ethics in the Financial IndustryMr Keizo Ohashi, Managing Executive Officer andHead of Asia and Oceania at Mizuho Corporate Bank,Ltd, emphasised the importance of self-regulatingorganisations, and enlightened students aboutsome ethical dilemmas that young bankers willultimately face.

An ‘Easy’ Approach to Leadership?Sir Stelios Haji-Ioannou, Chairman and Founder ofeasyGroup, outlined to students how his low-costairline easyJet was able to succeed in a highlycompetitive environment.

1

2

3

4

5

43GLOBAL THOUGHT LEADERSHIP

Community Engagementsompelling

Through a variety of channelssuch as industry partnerships, theschool’s alumni networks and mediaoutreach, NUS Business Schoolis extending its influence inthe community and beyond.

• Media Spotlight

• Career Services

• Alumni

• China Alumni & Community Engagements

• Generous Benefactors

NUS Business School continues to attractmedia attention. In addition to carryingnews items about the school, the mediaalso carried content generated by theschool such as faculty research andcommentaries, ‘Enterprise 50’ articleswritten by our students, as well as theweekly ‘Ask NUS Profs’ and ‘Ask NUSEconomists’ columns published inThe Business Times and The Straits Times,respectively.

In the 12 months to July 2011, there were600 local and international media reports,or 50 monthly write-ups providing a richprofile of the school’s many initiativesand activities.

EDIASPOTLIGHT

45COMPELLING COMMUNITY ENGAGEMENTS

NUS Business School provides a dynamicnetworking platform that matchesthe talent of our students with leadingemployers from banks, multinationalcorporations and major organisationsfrom a wide range of industries. Bybringing together students and corporaterecruiters, we help enhance students’employability, giving them an edge inforging winning careers amid today’scompetitive employment market.

AREERSERVICES

BBA graduate employment rate soars;gross salary increases seen

Our inaugural batch of Business Administration

(Accountancy) Honours graduates achieved

100% full-time employment, based on the 2010

Graduate Employment Survey (GES) released

by the Ministry of Education. This is an affirmation

by the industry of the quality of our business

graduates who have secured employment ahead

of their peers.

Equally impressive, our Business Administration

graduates in the three-year programme were

offered higher gross monthly salary rates across

all categories – mean, median, 25th percentile

and 75th percentile – a marked improvement,

compared to the 2009 GES. Their mean starting

salary went up by 12.36% to $3,008.

MBA graduate employment ratescores highly

Some 93% of MBA graduates were employed

within three months of graduation. This indicates

that our MBA graduates command a premium

in the business community, with 58% securing

employment in Singapore and 42% landing jobs

in other parts of Asia and the world over.

The NUS MBA graduate employment by industry

Financial Services40%

ConsultingServices

17%

Technology &

Telecommunicatio

n

13%

Energy, Oil & Gas8%

ConsumerGoods 6%

Manufacturing6%

Pharmaceutical2%

Advertising4%

Education4%

Career Empowerment

Career development workshops

More than 80 career development workshops

were organised to enhance the students’ profiles

and help them breeze through job interviews

or internships. Highly-regarded practitioners

with extensive industry experience were

engaged to conduct the workshops, including

46 COMPELLING COMMUNITY ENGAGEMENTS

Ms Joan Tay, Director of Career Services receiving the ExcellenceAward in the Innovative Corporate Communications categoryfrom Dr Frank Cintamani, President & Chairman, MagazinePublishers Association of Singapore.

one-on-one interview coaching clinics, Ace the

Finance Interview, Crack the Case, the Assessment

Centre, industry-specific workshops on fund

management, brand marketing, and management

presentation and communication.

Internships and company outreach

All BBA accountancy students were placed with

the ‘Big Four’ and other accounting firms for

their mandatory internships. Up to 91% of BBA

undergraduates did internships although this is not

a compulsory academic requirement. In addition,

100% of our MBA interning cohort secured

internships during their summer vacation in 2010.

Visits to P&G, Yahoo!, Société Générale and

OCBC Bank were also organised. These outreach

programmes with multinationals give students

direct access to business managers and the

opportunity to gain a better understanding

and appreciation of the corporate cultures of

different companies.

Active campus recruitment initiatives

Career Services hosted more than 130 recruitment

presentations, networking sessions and career events

by large MNCs, global banks and consulting firms,

both on and off campus.

Excellence Award for Career Services

NUS Business School Career Services was singled

out from about 70 entries from 32 companies in

10 countries to receive the Excellence Award in the

Innovative Corporate Communications category

of the Asian Publishing Awards 2010 held in

July in Ho Chi Minh City, Vietnam. The award

recognises the efforts of Career Services in actively

reaching out to both corporate partners and students

on recruitment initiatives.

Relazione – networking event for undergraduatesOur BBA graduating students networked with around 100recruiters across various industries at the annual Relazionenetworking event. The event provides a good platform forstudents to network with a variety of companies, and forrecruiters to assess their suitability before taking theirapplications forward.

Assoc Prof Quek Ser Aik (extreme right), then Vice Dean ofGraduate Studies, and Ms Joan Tay (second from right),Director of Career Services, with representatives fromGoldman Sachs.

MBA students meeting potential employers at the Connexionsnetworking event.

Partnerships between corporate recruiters and students

Connexions – networking events for MBA studentsSimilarly, we also organised two Connexions events for morethan 135 MBA students to network with corporate recruitersrepresenting 50 organisations across a range of industries.The students were able to gain insights into a variety ofindustries, organisational cultures and job opportunities.


U n d e r g r a d u a t e sengaging Ms Gina Shin( left ) f rom CampusRecruitment, HumanResources at MorganStanley, at the Relazionenetworking event.

LUMNI

At NUS Business School, our network ofmore than 45,000 alumni spans fivecontinents. Our Global Alumni NetworkOffice (GANO), the school’s office inShanghai, and our local and overseaschapters, help to keep alumni connectedwith each other and with the school.

2010 Eminent Business Alumni Award Winners

Senior Alumni Category

• Chew Hua SengChairman & CEO, Raffles EducationBBA,1979

• Chua Sock KoongGroup CEO, SingTelBAcc (Hons), 1979

• Lam Kwong YuChairman & CEO, Starlite HoldingsAPEX-C MBA, 2004

Young Alumni Category

• Huynh Quang HaiGroup Executive Director & CEO,Vietnam-Singapore Industr ia lPark NorthMSc (Management of Technology),2000 & Graduate Diploma in BusinessAdministration, 1999

• Laurence LienCEO, National Volunteer andPhilanthropy CentreMBA, 2000

Alumni Service Category

• Robin Ng Chee ChuanPast President, NUS Business SchoolMandarin Alumni and Chairman,Sin Thai Hin Group of CompaniesExecutive Programme, 1981

• Paul Yap Beng HuatPast President, MBA Alumni-NUSand Consultant, IdeactionBBA, 1973 & MBA, 1985

Award recipients (standing, from left) Mr Lam Kwong Yu, Mr Paul Yap Beng Huat, Mr Robin Ng Chee Chuan, Mr Chew Hua Seng,Ms Chua Sock Koong, Mr Laurence Lien and Mr Huynh Quang Hai.

(Seated, from left) Mr Aw Beng Teck, former Director, GANO; Dr William Chung, President, Mandarin Alumni; Mr Peter Seah,Chairman, DBS; Mr S Dhanabalan, Chairman, Temasek Holdings; Prof Bernard Yeung, Dean, NUS Business School; Mr Benny Lee,President, NUS Business School Alumni Association; and Mr Malcolm Koh, Immediate Past President, MBA Alumni – NUS.


Mandarin Management Forums

NUS Business School, through its Mandarin Alumni

Association, conducts Mandarin Management

Forums, which promote the exchange of knowledge

among Chinese business leaders.

‘Crushed by the Titans?’

Mr Andrew Tjioe, Executive Chairman of Tung Lok

Restaurants, discussed how constant innovation

transformed Tung Lok into a leading Chinese

restaurant chain in the region.

Similarly, Mr Tan Jin Heng (APEX-C MBA 2001),

Executive Director of CNA-HTE Vietnam, shared his

thoughts on transforming his company into one of

the leading engineering contractors in Vietnam.

‘Leadership Challenges in the New Economy’

Three eminent Chinese businessmen addressed the

implications of rapid growth and consumer demand

for leadership styles.

Key personalities at the forum included (from left)Mr Yang Jinfu (APEX-C MBA 2009), Managing Director ofKruger Asia Holding; Mr K K Fong, Founder and Group CEO/Executive Director of Xpress Holdings; Prof Audrey Tsui; andMr Jin Hua (APEX-C MBA 2008), Chairman of NantongEastern Petrochemical Storage.

Alumni Gatherings

Inaugural Global Alumni Summit in Bali, IndonesiaThe Global Alumni Network Office and the Jakarta AlumniChapter organised a summit for alumni, academics andindustry experts to discuss developments in the regionalmarkets such as cross-border investment opportunities.

Alumni Homecoming ConferenceAmong the school’s 45th Anniversary Celebrationswas the 2010 Homecoming Conference that featuredtalks on investment strategies in the light of the globalmarket recovery.

Other Highlights• Business School Gives Back• Golf Reunion Challenge• Hong Kong Alumni Chapter Launch• Indian Leadership in the 21st Century, Bangalore• Healthcare Reform Forum, Kuala Lumpur• MBA Class of 2007 Reunion• Alumni Appreciation Dinner• BBA Class of 1981 30th Anniversary• Adidas Bizad Charity Run

The Adidas Bizad Charity Run organised by theNUS Business School Alumni Association (NUSBSA),Bizad Club and Masters Club, raised $30,000.

‘Managing Cross Cultural Talent for Innovation

and Productivity Gains’

Four speakers shared their insights into how

companies can leverage the ideas of diverse cultural

talents to maximise innovation and yield.

19th CEO Unplugged

The CEO Unplugged series, organised by the

NUS Business School Alumni Association and

Bizad Club, promotes the exchange of views

between students and business leaders. Based on

a talk-show format, the 19th edition of the dialogue

series, featured the insights of the CEOs of two

innovative mobile media providers in Singapore.

Mr Andrew Tjioe(left) withMr Tan Jin Heng


HINAALUMNI & COMMUNITYENGAGEMENTS

NUS Business School’s office in Shanghai brings

together alumni and industry executives across

China. With alumni networks in northern, eastern

and southern China, the office also facilitates the

creation of alumni chapters to bolster stronger ties

between graduates and the school.

Highlights of the year

South China Summit

Alumni and executives from Singapore, Shenzhen,

Nanhai and Guangzhou took part in a debate

on ‘China in the Post-Crisis Global Economy’,

with Dean Prof Bernard Yeung; Mr Law Chung

Ming, Regional Director, International Enterprise

Singapore; and Mr Chai Guosheng, Chairman

of Cnlight.

Dean Prof Bernard Yeung (second from left) at the ‘China in the Post-Crisis Global Economy’ debate.

Gobi Desert Challenge

NUS Executive MBA alumni, faculty and staff took

part in the 6th Gobi Desert Challenge in Gansu

where they came in 10th among 18 local and

international business schools.

Participants of the 6th Gobi Desert Challenge celebratingtheir teamwork.

NUS MBA/EMBA Fair

At an MBA/EMBA education

fair in Shanghai, the school

organised a series of

presentations including one

by Prof Deng Yongheng,

Professor of Finance and

Director of the NUS Real

Estate Institute, on the

development of the real

estate sector in China. He

also revisited the global

financial crisis and the concerns about the

sub-prime crisis in a lecture entitled ‘How Great

are The Risks in China’s Real Estate Market?’.

Prof Deng Yongheng


EASTERN CHINA ALUMNI NETWORK

Alumni Chapters

• Beijing

SOUTHERN CHINA ALUMNI NETWORK

Alumni Chapters

NORTHERN CHINA ALUMNI NETWORK

Alumni Chapter

An alumni summit in Guangdongwitnessed the signing of a Memorandumof Understanding for executive trainingwith Nanhai District People’s Governmentin Foshan City.

On a trip to Zhanjiang, alumni visitedGuangdong Evergreen Group Co Ltdwhere its founder and Chairman,Mr Chen Dan (APEX-C MBA 2001)shared insights on managementand entrepreneurship.

The network also paid tribute to Mr LamKwong Yu, a recipient of the NUS EminentBusiness Alumni Award. At a celebrationdinner, Mr Lam shared his experience ofsurviving the recent financial crisis, whilemaintaining steady growth for his printingcompany, Starlite Holdings, which is listedon the Hong Kong stock exchange.

Mr Lam Kwong Yu (left) receiving theNUS Eminent Business Alumni Awardfrom Mr S Dhanabalan, Chairman ofNUS Business School ManagementAdvisory Board.

Southern China Alumni Network

In a forum, alumni heard how ‘all mergers andacquisitions are destined to be failures.’ This wasamong the comments made during the firstsession of the ‘Practical Experiments on China’sRoad to Globalisation’ series, in collaboration withthe China Overseas Educated Scholars Association.

In another forum, the network’s finance &intelligence club discussed the Internet of Thingsor IOT, an emerging force that was a main focusat the Chinese People’s Political ConsultativeConference and National People’s Congressplenary sessions.

Participants at the forum on the ‘Past, Present andFuture of the Internet of Things (IOT)’.

Mr Zhang Peng, Vice President of Geely Auto(centre) and Mr Yi Min (extreme right), Presidentof Novartis China.

Northern China Alumni Network

A network committee was formed torepresent members in Shanghai, Jiangsuand Anhui.

The chairman of OCBC Bank (China),alumna Ms Leong Wai Leng, wasappointed chairman of the network’sadvisory board.

Ms Leong Wai Leng

Eastern China Alumni Network

• Guangzhou• Nanhai

• Shenzhen• Xiamen

• Anhui• Jianghuai

• Shanghai• Suzhou


ENEROUS

Giving Highlights

Cherian Family Charitable Gift Fund

Two new bursaries, worth $2,500 each, will be

awarded to two business undergraduates every

academic year under the Yanfang and Joseph

Cherian Bursary, in recognition of a generous

$45,000 contribution from the Cherian Family

Charitable Gift Fund.

CPA Australia

An annual gift of $2,000 over five years will be

used as a cash prize for students with the best

quality case study in their Corporate Governance

and Ethics module.

JobStreet.com

A gift of $30,000 from JobStreet.com has been

used to establish undergraduate and graduate

prizes. Two undergraduates and two MBA students

will each receive $1,500 with effect from Academic

Year 2010/11.

Musim Mas Group

The Musim Mas Group, an integrated palm oil

corporation, gave the school $2.27 million to launch

a newly-endowed Professorship in Sustainability.

The Professorship will be used to fund research in

the area of sustainability and educate future

(From left) Prof Tan Chorh Chuan, President, NUS; Prof BernardYeung, Dean, NUS Business School; Dr Gan Lian Tiong,Musim Mas Head of Sustainability, and Jasmine Wong, MusimMas executive.

Singapore Chinese Chamber of Commerce

Foundation (SCCCF)

The foundation, a subsidiary of the Singapore

Chinese Chamber of Commerce & Industry

renewed the SCCCF Business Scholarship from

Academic Year 2010/11 for the next three years.

Two scholarships, worth $5,000 each, will

be awarded to two outstanding business

undergraduates every year.

business leaders so that they may contribute

meaningfully to sustainability.

BENEFACTORS

Each year, alumni, individuals andcorporate donors contribute generouslyto the school’s endowments and fundingprogrammes, such as bursaries andscholarships for students. Funds arealso raised to support teaching andinnovative research. Through thebenevolent support of these donors,NUS Business School is able to advanceeducation and research that wouldotherwise have not been possible.


Singapura Investment Holdings pledges $300,000 to supporttwo new initiatives at NUS Business School. (From left) NUSProvost, Prof Tan Eng Chye and Singapura Investment HoldingsDirector, Wang Wen Liang.

Supporting education for financially-needystudents is a most worthwhile venture, for thesimple reason that it’s not helping just onedeserving student – we will help the family as welland hopefully change the future course of theirlives for the better.

Mr Yeo Keng JoonMBA, 1985

Chairman, NUS Business School AlumniAssociation Bursary fundraising project

(From left) Assoc Prof Hum Sin Hoon, Wong Ah Long,Gerald Tay Jingyan, Boon Swan Ngee, Prashant Pundrik,Benny Lee, Kiew Siew Mui, Prof Teo Chung Piaw,Seah Cheng San, Yeo Suan Eu and Yeo Keng Joon, at theNUSBSA Bursary Award 2010 ceremony.

Event Highlights

Building Excellence

A donor appreciation night was organised for donors

who contributed to the Building Excellence Campaign

and NUS Business School Golf Challenge 2007 &

2008. The funds raised at these events were used

for the construction of the Mochtar Riady Building

and to support the activities of the Asia Centre for

Social Entrepreneurship and Philanthropy (ACSEP).

NUS Business School Alumni Association

Bursary Award 2010

A dozen deserving business undergraduates

received bursaries of $2,500 each from the NUS

Business School Alumni Association (NUSBSA)

Bursary Fund, which includes 12 sub-bursaries

named after donors who contributed $25,000

or more.

Tax Academy of Singapore

A gift of $15,000 from the Tax Academy of

Singapore has been used to establish prizes for

accountancy undergraduates who achieve the

best grades in the module ‘Advanced Taxation’.

The prize, valued at $1,500, will be awarded to

one student every year with effect from Academic

Year 2010/11.

Temasek Foundation

A three-year joint programme between NUS Business

School and Ateneo de Manila University in the

Philippines has received $592,530 from the Temasek

Foundation to support curriculum development

for a module entitled ‘Entrepreneurship for

Sustainable Development’.

Singapura Investment Holdings

Singapura Investment Holdings made a gift of

$100,000 for new energy business research and

development, and another $200,000 for an initiative

in global finance and economics strategy.

NUS Business School Undergraduate Bursary

Award 2010

Some 71 undergraduate bursaries, worth $2,500

each were handed out at the NUS Business School

Undergraduate Award Ceremony 2010. These

bursaries will help defray tuition fees and other

study-related expenses.

(From left) Assoc Prof Quek Ser Aik, Yang Ching Fu (ComodAire bursary donor), Dr Yeo Wee Yong, Pai Keng Pheng(Sentek Marine bursary donor), Dean Prof Bernard Yeung,Peh Chin Hua (Peh Boon Poh bursary donor), Thomas PekEe Perh (Pek Cheng Chuan Memorial bursary donor),Dr William Chung (President, NUS Business SchoolMandarin Alumni), Desmond Peh Chin Chye (Just Educationbursary donor), and Victor Koh (Director, NUS Business SchoolDevelopment Office).


Graduates from one of the first few cohorts, many of whom have contributed to the success of Singapore.

Since its inception 45 years ago, 45,000 graduates

from 40 major cities across the globe have left their

indelible mark on the Singapore economy and

beyond. It was then apt that the 45th anniversary

celebration carried the theme ‘Transforming Leaders

– Past, Present and Future’.

The year-long celebration culminated in the grand

opening of the Mochtar Riady Building on

24 September 2010. Students, alumni, advisory

board members, valued partners, faculty and staff

joined in the celebration. It was truly an occasion

to reconnect and re-bond among themselves and

with the school.

The grand opening of the Mochtar Riady Building was officiated by (from left) Prof Tan Chorh Chuan, President, NUS;Mr Wong Ngit Liong, Chairman, NUS Board of Trustees; Dr Ng Eng Hen, Minister for Defence, who was then Minister for Education;Dr Mochtar Riady, Founder & Chairman, Lippo Group; Mr S Dhanabalan, Chairman, NUS Business School Management Advisory Board;and Prof Bernard Yeung, Dean, NUS Business School.

RETROSPECTIVE:NUS BUSINESS SCHOOLTURNS 45

participants in our Executive Education programmes.

From its modest beginnings in 1965, NUS Business

School has grown by leaps and bounds. It started

out as the Department of Business Administration

with a class of some 20 students.

Today, the school is home to more than 130 top

research faculty; over 2,500 BBA, MBA, Executive

MBA and PhD students; and more than 2,000 annual

54 RETROSPECTIVE

Heritage wall

Wall Murals

A donor wall and

heritage wall were

introduced at the

grand opening event,

toge the r w i th a

signature wall panel

on which guests were

invited to write their

well wishes.

‘Business Class – lessons from high fliers’

Prof Tan Chorh Chuan, President of NUS, commended NUS Business School for its achievements, which have contributed significantly to NUS’ standing as a global university.

Signature wall

Donor wall

This commemorative

book revisits 45 years of

NUS Business School's

achievements through

t h e v e n t u r e s a n d

adventures of its alumni,

deans and faculty.

55RETROSPECTIVE

he Mochtar RiadyBuilding

NUS Business School’s iconic new buildinghas been named after Dr Mochtar Riady,Founder and Chairman of the Lippo Group,in recognition of the Group's generouscontribution to the school. We are thankfulto Dr Riady for this gift, which enables usto provide world-class facilities for futuregenerations of global business leaders.

With its reed-like façade structure, the building

symbolises the school’s flexibility and stability.

It has been honoured with the BCA Green Mark

Gold Award, a commendation for promoting

sustainable building designs.

Published by

NUS Business School

National University of SingaporeMochtar Riady Building15 Kent Ridge DriveSingapore 119245

Email: [email protected]: bschool.nus.edu

ASIA’S GLOBAL BUSINESS SCHOOL

Documents

NUS Business School Annual Report 2011